Markets are ripping as Bitcoin miners pivot to AI infrastructure. We cover AWS rumors, Galaxy Digital's surge, Michael Saylor's latest multi-million Bitcoin buy, the Texas 4CP mining curtailment, and Elon Musk’s massive $26B xAI compute deals with Google and Anthropic.
Francis Corvinho of Lygos Finance and Kaan of Luxor join us to talk about the massive shift in Bitcoin mining economics, Michael Saylor's credit strategies, Zcash protocol bugs, and the Texas 4CP summer mining curtailments. We also break down the AI infrastructure boom, featuring Galaxy Digital's market surge and Elon Musk's multi-billion-dollar xAI compute leases with Google and Anthropic.
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Notes:
* Hash price hit a new all-time low.
* Galaxy Digital stock surged 22% in a morning.
* xAI generates $26 billion in annual revenue.
* Situational Awareness fund hits $20B AUM.
Timestamps:
00:00 Start
02:09 Hashrate forming a bottom?
05:13 KEEL
08:12 Galaxy
11:10 Cipher Digital (CIFR)
14:24 Francis
33:21 Kaan
50:21 Situational Awareness
53:30 Coremint
54:30 SpaceX
Check out our latest report, “What’s a Megawatt Worth?” where we quantify the trillion dollar opportunity for bitcoin miners venturing into the AI sector. Download here: https://megawattreport.com/
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